|[July 26, 2013]
GE's Grid IQTM Connect SaaS Awarded Best Smart Grid Solution by Municipal Utility Customers
ATLANTA --(Business Wire)--
Solidifying itself as best in class in the electrical distribution
industry, GE's Digital Energy Solutions as a Service business (NYSE: GE)
received the award of Best
Smart Grid Solution at the Municipal Smart Grid Summit (MSGS) for
its innovative Grid IQTM Connect services offering. The
summit took place last month at PGA National in West Palm Beach, Fla.
At MSGS, more than 40 of the cutting-edge smart grid technology and
consulting industry companies presented their smart grid products and
solutions to 100 or more municipal utility executives for review and
consideration. After three days of boardroom presentations, GE's Grid IQ
Connect was chosen by the collaboration as the best smart grid solution.
"It is both an honor and a great achievement to be recognized by our
customers as the provider of the best smart grid solution for municipal
utilities for the second time in three years," said Todd Jackson,
product line leader-software solutions for GE's Digital Energy business.
"This award signifies GE's commitment to the municipal utility segment
and further establishes the company as a technological leader within the
Grid IQ Connect is a services-based program offered by GE's Solution as
a Service business. It offers customers incredible value from
accelerated benefits due to the speed at which the system is deployed,
technology risk mitigation and by providing smaller utilities access to
technology otherwise not affordable in traditional project delivery
models. The offering consists of five primary services to enhance the
effectiveness of advanced meter infrastructure systems and other aspects
of grid operations. These services include meter data services,
pre-payment services, outage detection and notification services, asset
monitoring services and consumer portal services.
SaaS offerings are available via three levels of delivery
modes-total managed services, software as a service and deployment at
the customer site. Additionally, its advanced application solutions
provide municipal utilities with comprehensive outage management (Grid
IQ Restore) and demand response capabilities (Grid IQ Respond).
Currently, Grid IQ Connect is being utilized by Electric Cities of
Georgia, the city of Norcross, Ga., and the city of Leesburg, Fla.
"Advancements in digital technology have led to an increased demand on
electrical grids worldwide," said Craig Mims, utilities director for the
city of Norcross. "Implementing GE's Grid IQ Connect technology has
helped modernize our grid and provide our customers with more efficient
and reliable electricity."
Advanced grid management technologies, such as Grid IQ Respond and Grid
IQ Restore, enable municipal utilities to deploy smart grid technology
faster, allowing customers to realize all of the benefits associated
with implementing these advanced systems in a much shorter time span.
Not only does Grid IQ Connect reduce technology risks and software costs
to municipal utilities by using a SaaS (News - Alert)-hosted model, it also provides a
choice of capital expenditure and operational expense pricing options to
fit the individual needs of each customer.
In addition, Grid
IQ Connect provides utilities with a means to improve operations and
customer services while also improving customer engagement and account
management. The technology helps reduce the duration of system outages
and lower municipal utility operating costs.
Introduced last year, GE's SaaS-one of the company's innovative
Industrial Internet technologies-provides small- and mid-market
utilities with the grid modernization technology they need without
having to incur the overhead expenses associated with developing their
own smart grid networks. As a cloud-based, fee-for-service grid
management system, GE's Grid IQ Connect empowers utilities of all sizes
to create modernized, interconnected grids to meet the needs of today's
ever-evolving businesses. GE's Industrial Internet solutions establish a
constant flow of communication between a business operation and its
machines, enabling big data to be converted into real-time analytical
insight, improving grid reliability and efficiency.
GE's Digital Energy business is a global leader in transmission and
distribution solutions that manage and move power from the power plant
to the consumer. Its products and services increase the reliability of
electrical power networks and critical equipment for utility, industrial
and large commercial customers. From protecting and optimizing assets
such as generators, transmission lines and motors to delivering analytic
tools to help manage the power grid and providing uninterruptible power,
GE's Digital Energy business delivers industry-leading technologies to
solve the unique challenges of each customer. For more information,
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
Follow GE Energy Management and its Digital Energy business on Twitter (News - Alert) @GE_EnergyMgmt
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